Mental Health Market Size, Share, Growth Analysis, By Application(Physiological Disorder(Depression, Anxiety, Post-Traumatic Stress Disorder (PTSD), Bipolar Disorder), By By Technology(Self-Screening Mental Health Apps, Telehealth And virtual Care Solutions, Continuous Monitoring Wearable Devices, AI Based Screening Tools), By Age Group(Children And Adolescents, Adults, Seniors), By Setting(Clinical Setting, Educational Institutions, Workspace Slash Corporate Programs, Online Platforms), By Region - Industry Forecast 2024-2031

Global Mental Health Market size was valued at USD 399.61 billion in 2022 and is poised to grow from USD 413.60 billion in 2023 to USD 544.63 billion by 2031, at a CAGR of 3.5% during the forecast period (2024-2031). 

Growing awareness regarding the importance of mental health around the world is projected to primarily drive the mental health market growth. Adoption of poor lifestyles has led to increased episodes of hypertension, anxiety, and stress. All these factors are negatively impacting mental health and resulting in mental health disorders thereby creating a high demand for mental health solutions and services. Growing integration of mental health with primary care around the world and rising availability of novel mental health treatments are also expected to create new opportunities for mental health companies going forward.  of telehealth and digital therapies are also responsible for bolstering the demand for mental health solutions and services on a global level. North America is forecasted to be the leading market for mental health companies on a global level. On the contrary, social stigma regarding mental health issues, dearth of skilled mental health professionals, and limited access to mental health care in developing and underdeveloped countries.